Compliance Management ISO 37301

What does Compliance & Compliance Management or Compliance Management Systems mean?

Compliance encompasses all measures and processes defined by a company to ensure adherence to all applicable legal provisions. This includes not only public laws and industry-specific framework conditions, but also internal company rules and regulations. These include, for example, the following guidelines or risks: Violations of occupational health and safety law (such as minimum wage, working hours law) or anti-discrimination law, unfair competition, corruption offenses, tax evasion, DSGVO violations, money laundering, illegality against antitrust law, foreign trade regulations, procurement regulations, violation of environmental standards.

The aim of compliance management or a compliance management system in accordance with ISO 37301 is to detect and sanction compliance violations early and in good time. But above all, it is about the preventive prevention of such breaches of rules. The aim is to avert imminent and possibly enormous economic damage to the company, such as considerable loss of image and credibility or high financial fines. Compliance management thus focuses on ensuring that all company employees act in accordance with the relevant standards.

Why Compliance Management?

Taking into account numerous German, European and international regulations and ethical principles, the establishment and organization of a holistic compliance management system has a positive impact on the following aspects:

  • Ensuring sustainable business success
  • Reduction of liability risks
  • Gaining trust and credibility
  • Enhancement of image and competitive strength
  • Preference when awarding contracts
  • Bundled and up-to-date overview of relevant regulations applicable to the organization
  • Sensitization of employees

Our services at a glance

We advise and support you in the implementation of a compliance management system according to TR CMS 101:2011 and/or ISO 19600 by:

  • Identification of compliance obligations & integration into existing practices & procedures.
  • Analysis of the risks associated with the compliance obligations
  • Prioritization of risks and obligations
  • Guidance on timely review of the risk assessment process
  • Documentation to ensure employees know what is expected of them and that this knowledge is certified
  • Analyzing information using techniques such as root cause investigations
  • Establishing compliance performance indicators and monitoring & measuring compliance performance to determine the need for corrective action
  • Identify compliance risks & manage resulting compliance obligations to third parties, such as suppliers, vendors, contractors
  • Audit planning and reporting
  • Management assessment and control